Tax Articles

W2 Not Received - What Should You Do

Imagine this scenario:  Its tax time and  you are getting really anxious to file your tax return and get your tax refund. But lo and behold you still havent received your W2 from your employer. There are several reasons for this - mail delays, you did not update your mailing address with your employer, company went out of business etc. etc. Employers... [Read more of this article]

Tax Refund Calculator - Calculate Your Refund before Filing

Calculating Your Tax Refund Once you get your W2 from your employer. Most people would like to get a quick estimate of the Tax Refund. It would take several hours to calculate your tax refund if you were to do it with pen and paper. However Or, will you end up owing money to the IRS. If you knew in advance, you could plan for it. Tax Refund Calculator Is... [Read more of this article]

Making Work Pay Credit - What Is It ?

Making Work Pay Credit the Impacts Largest Number of Americans in 2009 By Sandor Lenner The Making Work Pay Credit has substantial impact on Americans and is targeted towards lower and middle income taxpayers. This credit is one of many tax changes resulting from the American Recovery and Reinvestment Act of 2009. According to a report from the Tax... [Read more of this article]

Making Work Pay Tax Credit - Another Form To Fill ?

The    “Making Work Pay credit”   was part of the American Recovery and Reinvestment Act whereby working taxpayers could get up to a $400 benefit. In addition,  retirees could also get up to a $250 tax benefit. Its important to report for this credit on your 2009 tax return or you will essentially be giving it back.  Read more about... [Read more of this article]

Claiming an Unrelated Dependent on Your Taxes

Claiming a dependent does increase your refund amount when you file your taxes. To  claim an unrelated person as a dependent  on your tax return you have to meet specific conditions . These conditions are more stringent than a direct dependent (son, daughter or parent). Here are some of the requirements to claim an unrelated dependent on your tax... [Read more of this article]

Talking Tax Forms - New from the IRS

The IRS has introduced something really useful this year. If you have trouble reading forms, the new “Talking Forms” can really help you. This is really a blessing for people with disabilities who can really use additional  help. Each line on the tax form has additional help embedded in it. Once you install a speech software, the speech... [Read more of this article]

Solar Tax Credit for 2009 - 2010

Did you just spend a fortune on installing an energy efficient Solar System for your home ? Your purchase may be eligible for a Solar Tax Credit when you file your Federal Tax return for 2009. Actually both Solar Panels (photovoltaic cells) and Solar Water Heater Systems are  eligible for the Solar Tax credit for 2009. The solar tax credit not only... [Read more of this article]

Tax Deductions - What Does That Really Mean?

Our tax system would have a pretty hard time being more complex. If you are like most Americans, you hear terms like tax deductions, tax credit, adjusted gross income and you want to know more, but you never really do any research. It is not until you really need to know what a tax term means that you finally pay attention and figure it out. What if... [Read more of this article]

Latest Tax Changes

As you prepare your taxes, you may discover several new tax law changes that may help maximize your refund. Jackson Hewitt Tax Service reports that more than 100 new tax law changes have been passed this year to help individual consumers. Here are some Tax changes that can help you save toward your debt settlement. For further details about your specific... [Read more of this article]

The Biggest Mistake With C Corporations and How to Save Taxes Using the C Corporation Double Tax

When used correctly, C Corporations are a great way to supercharge a tax strategy. I find that when my clients make the most of their C Corporations, they reduce their taxes by a minimum of $10,000 every year. - The Biggest Mistake With C Corporations - The key to saving $10,000 in taxes every year is knowing how to use a C Corporation correctly. When... [Read more of this article]

Three (3) Secrets to a Successful Tax Return!

How do you find a tax preparer that is right for you? First, not all tax preparers are the same. I wrote an article about this last year titled: Tax Returns: Are They All Created Equal? HOW DO YOU FIND A TAX PREPARER THAT IS RIGHT FOR YOU? First, not all tax preparers are the same. I previously wrote an article about this last year titled: “Tax... [Read more of this article]

5 Simple Tax Tips for Individuals and Small Businesses - Avoid Stress While Saving Time and Money!

? 1. Be Careful and Thorough. Avoid common problems like illegible hand writing, mathematical errors, transposition of numbers, and missing signature. These little oversights can end up costing you time and money if you are slapped with penalties. 2. Get Organized. Allow enough time to get your “stuff” in order. For example, properly categorizing... [Read more of this article]

Here’S What You Need To Know About The New Tax Law

The recently enacted “American Recovery and Reinvestment Act of 2009″ (2009 Economic Stimulus Act) includes a wide-range of tax incentives, many of which are retroactive to the beginning of the year. This week I’ll share the changes impacting individuals. Then, be sure to look for email next week when I share the changes impacting... [Read more of this article]

Business Losses, Tax Refunds for 2008, 2007, 2006

As we come to the conclusion of 2008, many businesses have lost money in this year. The economy for 2009 looks very volatile and some industries may start to recover in 2009, while others may take a little longer. One positive area to bring to the table is that the price of oil has decreased significantly and regular gas prices have come down?below... [Read more of this article]

Tax Deed Investing on Steroids Part 1

You may have heard that tax deed investing is a way to purchase tax foreclosed properties for pennies on the dollar. And you may also know that now is a great time to start investing in tax deed properties because there?s more available now then there has been in the last few years. But did you know that there is a way to Cash in on tax deed properties... [Read more of this article]

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